Overview || Criteria

Sponsorship	Experienced Creditworthy Excellent Character
Property Type	Office Retail Multi-Family Industrial Self Storage Student Housing (Institutional quality, for-sale on selective basis)
Market	Non-tertiary MSA over 1 million Stable to Improving Fundamentals
Business Plan	Construction Repositioning Rehab Lease-Up
Recourse	Non to Partial
Pricing	Competitive, market-based pricing
Term	One to Three Years
Loan Amount	$5 million to $75 million
Loan to Cost	70% to 90%
Loan to Exit Value	80% or Less